Alina Selyukh
Stories
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All Things Considered
Suits Out, Stretchy Pants In: More Retailers Go Bankrupt
The coronavirus pandemic has wreaked havoc in fashion retail, leaving a growing number of storied brands on the brink. Lord & Taylor and Jos. A. Bank are among the latest to declare bankruptcy.
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Unsuitable For A Pandemic? Add Men's Wearhouse, Jos. A. Bank To Bankruptcy List
The parent company Tailored Brands earlier said it would close up to 500 stores and cut 20% of corporate jobs. It's joined in pandemic bankruptcy by rival Brooks Brothers and a growing list of others.
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Amazon Doubles Profit To $5.2 Billion As Online Shopping Spikes
The company's sales went through the roof between April and June, hitting close to $89 billion — a 40% increase from a year earlier. Amazon added 175,000 new hires to help keep up with the demand.
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Exact Change Please: Walmart, Kroger, CVS Are Feeling The Coin Shortage
Stores, supermarkets and gas stations are grappling with low supplies of pocket change. The national shortage is due in part to people going out less to spend money during the pandemic.
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America Went Shopping For Clothes Again In June
U.S. stores and restaurants got a boost in June as retail sales jumped 7.5%. Spending on clothes doubled. But this was before a new surge in the coronavirus prompted renewed shutdowns in some states.
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Facebook Boycott Grows: Ford Joins Coca-Cola, Starbucks And Other Brands
The list of major advertisers pulling out of Facebook continues to grow as the company weathers criticism over its handling of racist, violent and other hateful rhetoric on the platform.
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Target Makes Extra Coronavirus Pay Permanent, Boosts Hourly Minimum To $15
The company is making permanent a $2 bonus it created during the pandemic, as many retailers have been phasing out "hazard pay." Target previously planned to raise its pay minimum by the end of 2020.
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Acknowledging Racial Stereotype, Aunt Jemima Will Change Brand Name And Image
Quaker Foods says the 130-year-old pancake and syrup brand has been updated over the years, but "we realize those changes are not enough."
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Retail Sales Bounce Up 17.7% After Record Drop As States Reopen
Spending is still nowhere near last year's. But as more states and cities reopened restaurants and shopping centers, May saw a big swing from a historic collapse in March and April.
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Jeff Bezos May Testify Before Congress For The First Time This Summer
Amazon has long resisted calls for such testimony, but a new letter to the House Judiciary Committee suggests Bezos is open to joining other tech CEOs at an antitrust hearing.